They can milk this for a while blaming republicans so they can get even more socialist stuff in, but by 2010 he need to start selling the great improvements for the mid terms and he needs tax revenues badly. My question, Why would US investors get back in with the current status and knowing Obama’s plans? Are we forced by inflation? Schiff and Rogers say commodities and gold and better foreign commodities because Obama will regulate them less.
I remember the bond market terrified Clinton 16 years ago over deficit but these guys figure they can blame Bush.
I read Karl Dennninger daily now, Market Ticker
He has not been bullish on commodities for the average guys whose 401K has now become a 101K
In a worst case societal calamity, for the average Joe who cannot pay $1500 an oz for gold, bottles of booze and cigarettes might be just as valuable and whole lot more portable, Time to stock up?